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Posted by
Two Blokes Jul 8 -
Filed in
Stock
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Frontera trades at 3.8x FCF at $75/bbl and 2.6x at $80/bbl. Net debt stands at $320 million, nearly equal to market cap, raising breakeven to around $65/bbl. Infrastructure and Brent put hedges on 40% to 60% of production to reduce downside risk.
